Carbon Steel Market is expected to reach USD 1277.48 Bn by 2030, as per Maximize Market Research.

Carbon Steel Market size was valued at USD 1012.96 Bn. in 2023 and the total Carbon Steel Market revenue is expected to grow at 6 % from 2024 to 2030, reaching nearly USD 1277.48 Bn.

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Carbon Steel Market Overview

Carbon steel displays elevated tensile strength and hardness, yet is substantially more susceptible to corrosion. Carbon steel is the primary material used in engineering and construction for various industrial applications such as marine structures, power plants, transportation, chemical processing, and petroleum production and refining. Worldwide, there is a growing need for buildings that are energy efficient and produce low carbon emissions. Carbon steel is a cost-effective and secure alternative, offering excellent strength, flexibility, longevity, and complete recyclability over the lifespan of structures. The Asia Pacific region dominated the market share and is expected to experience significant growth throughout the rest of the forecast period.

The growth of shipbuilding and higher production from construction and automobile sectors are expected to lead to an increase in commodity demand. The increased urbanization in Asia Pacific is driving up the need for carbon steel. Increasing usage of low-carbon steel is a major driver boosting demand and aiding market expansion. Due to significant growth in the mining and construction industries, there has been a substantial increase in demand for carbon steel in North America. Anticipated market growth is driven by substantial financial commitments from both multinational corporations and established domestic market participants in the automotive industry. The growth of the carbon steel industry in Europe relies heavily on its applications in sectors such as automotive and construction for its growth. China's construction sector has experienced significant expansion in recent years, and it is expected to continue growing steadily in the near future.

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Carbon Steel Market Segmentation

By Type

• low-carbon steel
• Medium-carbon steel
• High-carbon steel

By Application

• Shipbuilding
• Construction
• Automotive
• Other

By Shape

• Long Steel
• Tabular Steel
• Flat Steel

By End-User

• Ship-Building
• Automotive
• Infrastructure & Transport
• Construction

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Luxury Furniture Market leaders

• HBIS Group
• Baosteel Group
• ArcelorMittal
• Nippon Steel Corporation
• POSCO
• AK Steel Corporation
• NLMK
• Evraz plc
• United States Steel
• JFE Steel Corporation
• Hitachi Ltd.
• Ansteel Group Corporation
• Tata Steel
• Thyssenkrupp AG
• United States Steel Corporation
• Hyundai Steel
• Curtis steel
• Omega steel

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Key questions answered in the Market are:

• What was the Market size in 2023?
• What is the projected demand for the Carbon Steel Market?
• Which are the factors expected to drive the Market growth?
• What is the future projection for the Carbon Steel Market?

Key Offerings:

• Past Carbon Steel Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Carbon Steel Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
§ Competitive landscape - Market Leaders, Market Followers, Regional player
§ Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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